Hong Kong's financial regulators have concluded a consultation on proposed changes to clearing rules for over-the-counter (OTC) derivatives transactions.
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have published the conclusions of a joint consultation on amendments to the clearing rules governing OTC derivatives transactions. Respondents broadly supported the proposal to standardise calculation periods The proposed changes relate to the calculation periods used to determine whether market participants are subject to mandatory clearing obligations under Hong Kong's OTC derivatives regulatory f